Atlas Pipeline obtains needed consents to amend 8 1/8% senior notes

By Jennifer Chiou

New York, Nov. 23 - Atlas Pipeline Partners, LP said it received consents from holders of a majority of its $275,479,000 of outstanding 8 1/8% senior notes due 2015, enough to amend the indenture for the notes.

The amendments allow the partnership or its subsidiaries to make capital contributions to Laurel Mountain Midstream, LLC through Dec. 31, 2011. Atlas, through indirect wholly owned subsidiary APL Laurel Mountain, LLC, owns 49% of Laurel Mountain.

The consent solicitation wrapped at 5 p.m. ET on Nov. 22.

The consent payment is $5 in cash per $1,000 principal amount of notes.

Wells Fargo Securities, LLC (704 715-8341 or 866 309-6316) was the solicitation agent, and Global Bondholders Services Corp. (866 736-2200) was the information and tabulation agent.

Based in Moon Township, Pa., Atlas Pipeline Partners is a natural gas pipeline operating company.

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